Tesla announced this evening that the Model 3 will be unveiled on March 31. No further details about the event were provided, but the company did reiterate that the mass market car is “on schedule for production & deliveries in late 2017.”

Tesla also mentioned, in its letter to shareholders, that installation of Model 3 production machinery will begin this year.

As with previous vehicle unveilings, it is expected that Tesla will unveil a working prototype of the Model 3 during its March event. With the unveiling taking place a little more than a year before production, the vehicle shown will likely be close to the version delivered to customers by the end of next year.